Latest news with #MarubeniCorporation
The Sun
08-05-2025
- Automotive
- The Sun
Malaysia seeking tariff relief from the US for key aerospace industries
SHAH ALAM: Malaysia is in negotiations to exempt key aerospace industries, such as maintenance, repair, and overhaul (MRO), from United States tariffs. Investment, Trade and Industry (MITI) deputy secretary-general (Industry) Datuk Hanafi Sakri said that the imposition of tariffs would affect both local and US aerospace companies. 'We are negotiating to ensure key aerospace industries are exempted from the US tariffs. Ideally, we would want everything exempted, but the priority is ensuring this critical sector remains competitive. 'For the aerospace sector, if tariffs are imposed, US companies (in the aerospace sector) would also be affected,' he said during the launch of KarbonMRO Services Sdn Bhd's new aircraft and engine maintenance facility at Subang Airport's Skypark Regional Aviation Centre today. The MRO facility is a joint venture between local firm Dviation Group and Japan's Marubeni Corporation. Hanafi emphasised that the Malaysian Aerospace Industry Blueprint targets the industry to generate RM55 billion in revenue by 2030, and the country needs significant momentum to reach that goal. 'The industry's current revenue is estimated at around RM25 billion, and we need several leaps forward. This collaboration with KarbonMRO is one of the initiatives to help aerospace companies grow,' he noted. Earlier, Hanafi stated that the event marks a significant step forward in strengthening Malaysia's position as a regional hub for MRO services. 'In an industry where innovation, efficiency, and technical excellence drive progress, investments like this contribute to the nation's long-term economic growth and competitiveness,' he said. Hanafi highlighted that the expansion of KarbonMRO and the establishment of its new Karbon Engine Services (KES) are well aligned with national ambitions. KES offers comprehensive airframe and engine services, including scheduled maintenance, structural repairs, aircraft teardown, and preservation. 'This joint venture between Dviation Group and Marubeni Corporation reflects the importance of cross-border collaboration in advancing technological expertise and global best practices. Such partnerships help ensure that Malaysia continues to attract high-value investments and reinforce its aerospace supply chain,' he said. According to industry analysis by NAVEO Consultancy, the Asia-Pacific region and China account for approximately 37 per cent of the current air transport orderbook, with more than 5,200 aircraft on order or option.
The Sun
08-05-2025
- Automotive
- The Sun
M'sia seeks US tariff relief for key aerospace sectors
SHAH ALAM: Malaysia is in negotiations to exempt key aerospace industries, such as maintenance, repair, and overhaul (MRO), from United States tariffs. Investment, Trade and Industry (MITI) deputy secretary-general (Industry) Datuk Hanafi Sakri said that the imposition of tariffs would affect both local and US aerospace companies. 'We are negotiating to ensure key aerospace industries are exempted from the US tariffs. Ideally, we would want everything exempted, but the priority is ensuring this critical sector remains competitive. 'For the aerospace sector, if tariffs are imposed, US companies (in the aerospace sector) would also be affected,' he said during the launch of KarbonMRO Services Sdn Bhd's new aircraft and engine maintenance facility at Subang Airport's Skypark Regional Aviation Centre today. The MRO facility is a joint venture between local firm Dviation Group and Japan's Marubeni Corporation. Hanafi emphasised that the Malaysian Aerospace Industry Blueprint targets the industry to generate RM55 billion in revenue by 2030, and the country needs significant momentum to reach that goal. 'The industry's current revenue is estimated at around RM25 billion, and we need several leaps forward. This collaboration with KarbonMRO is one of the initiatives to help aerospace companies grow,' he noted. Earlier, Hanafi stated that the event marks a significant step forward in strengthening Malaysia's position as a regional hub for MRO services. 'In an industry where innovation, efficiency, and technical excellence drive progress, investments like this contribute to the nation's long-term economic growth and competitiveness,' he said. Hanafi highlighted that the expansion of KarbonMRO and the establishment of its new Karbon Engine Services (KES) are well aligned with national ambitions. KES offers comprehensive airframe and engine services, including scheduled maintenance, structural repairs, aircraft teardown, and preservation. 'This joint venture between Dviation Group and Marubeni Corporation reflects the importance of cross-border collaboration in advancing technological expertise and global best practices. Such partnerships help ensure that Malaysia continues to attract high-value investments and reinforce its aerospace supply chain,' he said. According to industry analysis by NAVEO Consultancy, the Asia-Pacific region and China account for approximately 37 per cent of the current air transport orderbook, with more than 5,200 aircraft on order or option.
Business Wire
07-05-2025
- Business
- Business Wire
Marubeni and ExxonMobil's Low-Carbon Ammonia Deal Marks Major Step in Unleashing New Energy Supply
SPRING, Texas & TOKYO--(BUSINESS WIRE)--Marubeni Corporation (Marubeni) and Exxon Mobil Corporation (ExxonMobil) (NYSE: XOM) have signed a long-term offtake agreement for approximately 250,000 tonnes of low-carbon ammonia per year from ExxonMobil's facility in Baytown, Texas, which is expected to produce virtually carbon-free hydrogen with approximately 98% of CO 2 removed and low-carbon ammonia. Marubeni will supply the ammonia mainly to Kobe Power Plant, a fully owned subsidiary of Kobe Steel, Ltd. (Kobe Steel). Marubeni has also agreed to acquire an equity stake in ExxonMobil's low-carbon hydrogen and ammonia facility. ExxonMobil's facility is expected to be the world's largest of its kind upon startup, capable of producing up to 1 billion cubic feet (bcf) daily of low-carbon hydrogen, which is virtually carbon-free 1, and more than 1 million tons of low-carbon ammonia per year. Contingent on ongoing supportive government policy and necessary regulatory permits, a final investment decision is expected in 2025. 'This is another positive step forward for our landmark project,' said Barry Engle, president of ExxonMobil Low Carbon Solutions. 'By using American-produced natural gas we can boost global energy supply, support Japan's decarbonization goals and create jobs at home. Our strong relationship with Marubeni sets the stage for delivering low-carbon ammonia from the U.S. to Japan for years to come." 'Marubeni will take this first step together with ExxonMobil in the aim of establishing a global low-carbon ammonia supply chain for Japan through the supply of low-carbon ammonia to the Kobe Power Plant,' said Yoshiaki Yokota, Senior Managing Executive Officer, Member of Corporate Management Committee, Supervisor of Energy & Chemicals Div. and Power & Infrastructure Services Div., Marubeni Corporation. 'Additionally, we aim to collaborate beyond this supply chain and strive towards the launch of a global market for low-carbon ammonia. We hope to continue to actively cooperate with ExxonMobil, with a view of utilizing this experience and relationship we have built to strategically decarbonize our power projects in Japan and Southeast Asia in the near future.' By Japan's fiscal year 2030, Kobe Power Plant aims to co-fire low-carbon ammonia with existing fuel, reducing CO 2 emissions. Through this supply chain, Marubeni aims to assist the decarbonization of not only Japan's power sector but also its hard-to-abate sectors, such as the steel manufacturing industry, chemical industry, transportation industry and others. About Marubeni: Company Name: Marubeni Corporation Head Office: 4-2, Ohtemachi 1-chome, Chiyoda-ku, Tokyo Establishment: December 1949 Representative: Masayuki Omoto (President and CEO) Main Business: Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, food & agri business, metals & mineral resources, energy & chemicals, power & infrastructure services, finance, leasing & real estate business, aerospace & mobility, next generation business development and next generation corporate development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries. Website: Follow us on LinkedIn About ExxonMobil: ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society's evolving needs. The corporation's primary businesses - Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO2 pipeline network in the United States. In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity. With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050. To learn more, visit and ExxonMobil's Advancing Climate Solutions. Follow us on LinkedIn or contact +1(737) 272-1452 Cautionary Statement Statements of future events, investments, contractual obligations, or partnerships in this release are forward-looking statements. Actual future results, including final investment decisions, project plans, partner participation, timing, capacities, and costs could differ materially depending on a number of factors including the ability to execute operational objectives on a timely and successful basis; implementation of U.S. and Japanese government frameworks for capture and storage, hydrogen, ammonia and other lower-emission technologies; U.S. permitting policies, processes and timing; timely completion of construction projects; commercial and consumer interest in lower-emissions opportunities; changes in plans or objectives prior to final funding decisions or project startups; unforeseen technical or operational difficulties; and other factors discussed under the heading Factors Affecting Future Results in the Investors section of our website at Any forward-looking statement speaks only as of the date of this press release and the companies named herein disclaim any obligation to update any forward-looking statement. 1 References to virtually carbon-free hydrogen pertain to hydrogen expected to be produced at ExxonMobil's Baytown, TX facility, where approximately 98% of CO 2 is removed and permanently stored.
New Indian Express
23-04-2025
- Business
- New Indian Express
CM Revanth Reddy back on Wednesday after successful Japan tour
HYDERABAD: During its seven-day visit to Japan, the high-level delegation from Telangana, led by Chief Minister A Revanth Reddy, attracted investments to the tune of Rs 12,062 crore. Official sources said that these investments are likely to create 30,500 jobs in the state. The delegation, comprising IT and Industries Minister D Sridhar Babu and officials, reached Japan on April 17. Apart from participating in Osaka World Expo, the chief minister met business leaders, industrialists, investors and representatives of various companies in Japan. He also visited the headquarters of Sony Corporation and two riverfronts. During the visit, various companies expressed interest in investing in Telangana. Marubeni Corporation signed an MoU with the state government to set up a next-generation industrial park in Future City with an initial investment of Rs 1,000 crore, which is expected to increased to Rs 5,000 crore. The project is expected to create at least 30,000 jobs. Likewise, NTT Data and Neysa Network signed a tripartite agreement with the state government to set up an AI data centre cluster in Telangana with an investment of Rs 10,500 crore. Toshiba Transmission Distribution Systems India also came forward to invest Rs 562 crore to set up an electricity equipment manufacturing factory in Rudraram. Telangana Overseas Manpower Company (TOMCOM) signed an MoU with Raj Group and TREN, which will create at least 500 jobs in Telangana. The chief minister will reach Hyderabad on Wednesday.
Hans India
21-04-2025
- Business
- Hans India
Telangana makes mark at World Expo 2025 in Japan, showcasing investment potential
Telangana has reached another milestone in attracting global investments, with Chief Minister Mr Revanth Reddy presenting the state's opportunities on the world stage at the prestigious World Expo 2025 in Osaka, Japan. Leading the 'Telangana Rising' delegation, the Chief Minister engaged with several business and industrial leaders to highlight the vast investment prospects across various sectors in the state. Speaking at the event, Mr Revanth Reddy expressed pride that Telangana was the first Indian state to participate in World Expo 2025, calling it a moment of honour. He emphasised the need to strengthen the long-standing friendship between Telangana and Japan and called for a long-term partnership rooted in innovation and sustainable development. The Chief Minister noted that Telangana's business-friendly industrial policies, stable governance, and world-class infrastructure are key factors drawing global interest. He extended a direct invitation to Japanese firms: 'Come to Hyderabad, manufacture your products here, and make Telangana your gateway not only to the Indian market but also to the world.' He added that this visit marks a new dawn in Telangana–Japan relations, suggesting it could be the beginning of a new chapter akin to a sunrise over Osaka Bay. He called for joint efforts between Telangana, Osaka, and international partners to build a remarkable future together. Highlighting upcoming developments, the Chief Minister revealed that a 30,000-acre 'Future City' is under construction near Hyderabad, designed as a hub for eco-innovation, energy, smart mobility, and circular economy practices. He announced plans for an industrial park in collaboration with Japan's Marubeni Corporation as part of this initiative. Mr Reddy also spoke of the favourable ecosystem developing in the zone between Hyderabad's Outer Ring Road (ORR), Radial Roads, and the upcoming 370-kilometre-long Regional Ring Road (RRR). This corridor is poised to support industries such as electric vehicles, energy storage, electronics, semiconductors, and aerospace. To support international exports, he revealed the establishment of a dry port in Telangana with access to a nearby seaport. On environmental initiatives, he referenced the rejuvenation of the Musi River, including a 55-kilometre urban greenway, and stressed the importance of learning from the urban planning expertise of Japanese cities like Tokyo and Osaka. State IT and Industries Minister Mr Duddilla Sridhar Babu also spoke at the event, highlighting Telangana's established reputation in IT and biotechnology, while underlining the state's potential in aerospace, electronics, and textiles. Principal Secretary for Industries, Mr Jayesh Ranjan, noted the creation of the Young India Skills University, aimed at fostering skill development with a focus on quality and discipline. He said the initiative would significantly boost employment and business opportunities across the region. Telangana's participation at World Expo 2025 not only underscores the state's rising global profile but also marks a new chapter in fostering international investment and collaboration.
